When it comes to coins and precious metals, most collectors are familiar with gold and silver. However, platinum constitutes just .005 parts per million of the earth’s crust. A highly valuable metal, platinum has long been revered by collectors and investors alike. Discover more about American platinum and its production in platinum bullion coins over the years.
The History of American Platinum
Platinum’s discovery is officially credited to a Spanish navy officer in 1735. However, it was shortly rediscovered a few years later independently by a British metallurgist who has also received credit for the find. Regardless, the metal quickly gained popularity between these two discoveries due to its chemical stability and resistance to tarnish and corrosion. Its usage spread to the U.S. in the 19th century for decoration, ornamentation, and jewelry.
However, once American platinum transitioned into industrial use due to its high melting point, its presence in the nation was fully solidified. This metal became a vital part of industry in World War I because of its role in building catalytic converters and aircraft engines. Today, American platinum is used in everything from fine jewelry to chemical processing to platinum coins.
The Origins of the Platinum Eagle Series
The U.S. Mint started The American Eagle coin program in 1986 to celebrate American symbols and provide collectors with high-grade coins and proof. The series began with gold and silver production, finally introducing the first platinum bullion coins in 1997. The Platinum Eagle series remained the newest metal addition until 2017, when the U.S. released the first palladium series.
While this series’ gold and silver coins are always released in proof and uncirculated finishes, platinum is currently only released as proof. The platinum version is also released with a $100 face value, the highest denomination for U.S. tender.
Design Features of the Platinum Eagle Series
Since its inception, the platinum bullion coins in this series have depicted classic American symbols such as the Statue of Liberty, a bald eagle, a minuteman soldier, blindfolded justice, and various American landscapes. From 1997 to 2017, all platinum proofs featured the Statue of Liberty obverse design; however, starting in 2018, both obverse and reverse sides varied more dramatically. The initial 1997 design featured an eagle flying away from the sunset as it soared across America. Meanwhile, 2025’s platinum coins show an oak tree to symbolize enduring liberty.
Investment Potential of Platinum Coins
While acquiring the Platinum Eagle Series is an excellent choice for collectors looking to own a piece of modern U.S. history, some may be interested in the series for investment potential. Like any investment, platinum experiences volatility. Its consistent and growing use in the technological and automotive industry internationally has helped it increase value over the years. Yet it has not always seen the rapid increases that other metals like silver and gold have experienced. While every precious metal will see its own unique ups and downs in the economy, platinum can be a good option for those looking to own tangible investment assets or diversify their portfolios.
Acquiring Platinum Coins at Pinehurst Coins
Collectors and investors must find trustworthy dealers when presented with such a rare and precious metal. Pinehurst Coins houses a vast selection of high-quality platinum coins from across the globe. We aim not only to be a reliable vendor but also a partner and educational source for numismatists. Use resources such as our blog for numismatists to expand your collecting knowledge and stay current on the latest news in the industry.